GOVERNANCE: Jurnal Ilmiah Kajian Politik Lokal dan Pembangunan
Vol. 11 No. 4 (2025): 2025 Juni

PENGARUH OPERATING CAPACITY, SALES GROWTH DAN FIRM SIZE TERHADAP FINANSIAL DISTRES (STUDI EMPIRIS PADA PERUSAHAAN SEKTOR PERTAMBANGAN YANG TERDAFTAR DI BEI 2020-2023)

Hasibuan, Mutiara Hikmah (Unknown)
Ritonga, Mulkan (Unknown)
Mulya Rafika (Unknown)



Article Info

Publish Date
05 May 2025

Abstract

This study aims to analyze the influence of operating capacity, sales growth, and firm size on financial distress in mining sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. The analysis method used is multiple linear regression with a quantitative approach. The results of the study show that operating capacity has a negative and significant effect on financial distress, which indicates that operational efficiency contributes to reducing the level of financial pressure of the company. Meanwhile, sales growth has a positive but insignificant influence, showing that sales growth does not necessarily play a direct role in reducing the risk of financial distress. On the other hand, firm size has a positive and significant effect on financial distress, suggesting that large-scale companies are more susceptible to financial pressure, likely due to operational complexity and higher financial burdens. These findings provide important implications for company management in formulating efficiency strategies and more adaptive organizational structures to reduce potential financial distress risks in the mining sector

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Journal Info

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description

Publisher

Subject

Humanities Education Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

Description

GOVERNANCE: Jurnal Ilmiah Kajian Politik Lokal dan Pembangunan mempublikasi hasil penelitian dan kegiatan pengabdian kepada masyarakat meliputi bidang 1. Politik Lokal (Perilaku dan partisipasi politik, Pemilihan kepala daerah, Pemilihan legislatif di tingkat daerah, dan lain sebagainya). 2. ...